Natural gas forwards markets showed no signs of hitting the brakes June 24-30 as scorching temperatures continued to drive power burn and storage data once again reflected a tighter supply-demand balance.
July
Articles from July
July Set to Go Out With A Bang, Called 10 Cents Higher
The expiring July natural gas futures contract is expected to open 10 cents higher Tuesday morning at $2.82 as weather forecasts shift to a re-emergence of warmer than normal patterns across much of the country. Overnight oil markets rebounded.
Heat Still In Play, Yet July Called 2 Cents Lower
July natural gas is set to open 2 cents lower Tuesday morning at $2.73 as traders look beyond the end of the month’s warm spell. Overnight oil markets retreated.
Traders Mull Warm Weekend; July Called Unchanged
July natural gas is expected to open unchanged Friday morning at $2.58 as traders see near-term weather as providing enough market support to preclude a supply-induced selloff. Overnight oil markets jumped.
Rebalanced Market Requires Higher Prices, Analyst Says; July Called Up 2 Cents
July natural gas is set to open 2 cents higher Wednesday morning at $2.62 as traders eye a dominant high-pressure ridge expected to usher in warm temperatures. Overnight oil markets fell.
Storage News Brings Out The Bulls, Drives Up NatGas Forwards
Natural gas forwards markets tacked on another 20 cents on average between June 3 and 9 as market players were thrown by this week’s reported storage injection from the U.S. Energy Information Administration, according to NGI’s Forward Look.
Market Bulls Warming to Temperature Forecasts, July Called A Penny Higher
July natural gas is set to open a penny higher Wednesday morning at $2.48 as traders see the market supported by warm weather systems expected to dominate much of the country next week. Overnight oil markets rose.
Weather Outlook Little Changed; July Relaxes 4 Cents
July natural gas is expected to open 4 cents lower Tuesday morning at $2.43 as overnight weather data showed little change and buyers face a technically overbought market. Overnight oil markets rose.
Forecast Heat Not Leaving Anytime Soon; July Seen 5 Cents Higher
July natural gas is expected to open 5 cents higher Wednesday morning at $2.34 as traders attempt to digest a significant shift in medium-term weather patterns and cogitate on technical price objectives. Overnight oil markets fell.
Technical Picture Keeping Bears at Bay; June Called 3 Cents Higher
June natural gas is expected to open 3 cents higher Tuesday morning at $2.08 as traders see a steady technical picture and look beyond what looks to be an oversupplied market. Overnight oil markets advanced.